Bislett Management buys $10.7 Million stake in Mobile Mini Inc (MINI)

Mobile Mini Inc (MINI) : Bislett Management scooped up 55,000 additional shares in Mobile Mini Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 350,000 shares of Mobile Mini Inc which is valued at $10.7 Million.Mobile Mini Inc makes up approximately 7.36% of Bislett Management’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in MINI in the latest quarter, The investment management firm added 1,230 additional shares and now holds a total of 20,310 shares of Mobile Mini Inc which is valued at $619,252.Blackrock Investment Management boosted its stake in MINI in the latest quarter, The investment management firm added 4,919 additional shares and now holds a total of 191,507 shares of Mobile Mini Inc which is valued at $5.8 Million. Mobile Mini Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio.Td Asset Management Inc reduced its stake in MINI by selling 500 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 22,000 shares of MINI which is valued at $712,800.Municipal Employees’ Retirement System Of Michigan boosted its stake in MINI in the latest quarter, The investment management firm added 2,320 additional shares and now holds a total of 11,510 shares of Mobile Mini Inc which is valued at $372,924. Mobile Mini Inc makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Mobile Mini Inc opened for trading at $30.69 and hit $31.4 on the upside on Friday, eventually ending the session at $31.39, with a gain of 2.58% or 0.79 points. The heightened volatility saw the trading volume jump to 2,26,556 shares. Company has a market cap of $1,395,348 M.

On the company’s financial health, Mobile Mini Inc reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $124.50 million for the quarter, compared to analysts expectations of $126.18 million. The company’s revenue was down -5.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Mobile Mini Inc. Mobile Mini Inc was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Apr 21, 2016. Shares were Reiterated by Needham on Mar 7, 2016 to “Buy” and Lowered the Price Target to $ 37 from a previous price target of $45 .

Mobile Mini Inc. is a provider of portable storage solutions. The Company’s business comprises of two product categories which include portable storage solutions and specialty containment solutions. Portable storage solutions consist of container and office product offerings. The Company offers a range of portable storage products with features such as locking systems doors electrical wiring and shelving. Its portable storage includes steel storage containers steel security office and steel combination offices and wood mobile offices. The specialty containment products are offered through Evergreen Tank Solutions to the customers through 24 locations in North America and consist of liquid and solid containment units pumps and filtration equipment. The Company’s fleet of steel tanks offers acid steel tanks gas buster steel tanks and open top steel tanks. Additionally it provides an offering to its customers of value-added services for managing liquid and solid waste.

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